GOP at heart of America's decline

8:25 PM,
Dec. 30, 2013

Written by

Robert Regl
| Guest Columnist

America is a post-industrial society. We have high unemployment with little prospect of improvement because: 1) Much of the work that used to be done by people is now automated; and 2) Unregulated capitalism with its single-minded search for more profits views workers as a commodity to be purchased as cheaply as possible. In the language of classic micro-economics, there is an oversupply of labor relative to its demand.

The inevitable end result of this system is oligopoly ending in monopoly, a feudal system where all wealth is in the hands of a very few. Everyone else is a serf whose meager ...